US steel imports poised to rise for July

Aug 07, 2014 | 05:22 PM | Nat Rudarakanchana

Tags  steel, license data, steel imports, Enforcement and Compliance division, Commerce Department, Nat Rudarakanchana

NEW YORK — U.S. steel imports appear to be on course to rise 5.2 percent for July, driven by strong gains in inflows of plate in coil and stainless steel.

Import license applications totaled 3.44 million tonnes last month, according to import license data updated Aug. 6 by the U.S. Commerce Department’s Enforcement and Compliance division. In June, imports were just shy of 3.28 million tonnes, preliminary data show.

Import licenses for plate in coil totaled 226,436 tonnes for July, more than double levels seen the prior month, driven by increased shipments from Russia, South Korea, Canada and the Netherlands.....

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